Speed Pedelec E-Bike Market Size
| Icons | Lable | Value |
|---|---|---|
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 1.45 Billion |
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Market Size (2029) | USD 2.24 Billion |
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Largest Share by Application Type | City/Urban |
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CAGR (2024 - 2029) | 9.06 % |
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Largest Share by Region | Europe |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Speed Pedelec E-Bike Market Analysis
The Speed Pedelec E-Bike Market size is estimated at 1.45 billion USD in 2024, and is expected to reach 2.24 billion USD by 2029, growing at a CAGR of 9.06% during the forecast period (2024-2029).
1.45 Billion
Market Size in 2024 (USD)
2.24 Billion
Market Size in 2029 (USD)
18.57 %
CAGR (2017-2023)
9.06 %
CAGR (2024-2029)
Largest Segment by Propulsion Type
79.35 %
value share, Pedal Assisted, 2023
Pedal-assisted bikes are largely used as they are fast, provide pollution-free rides, are easily affordable, can carry weight, and have cheap maintenance costs.
Largest Segment by Application Type
64.69 %
value share, City/Urban, 2023
The demand for city/urban e-bikes is increasing at a high rate in urban areas due to the rise of on-demand food delivery services, courier companies, and daily commuting to various places.
Largest Country
17.87 %
value share, Germany, 2023
The increasing population and higher use of e-bikes for various purposes such as schools, offices, courier deliveries, etc. has boosted the demand of the speed pedelec making China the largest country with speed pedelecs.
Leading Market Player
9.20 %
market share, Giant Manufacturing Co. Ltd., 2022
Strong brand awareness, a large supply chain network, and a wide product portfolio in various countries are making Giant the largest e-bike company worldwide.
Second Leading Market Player
5.50 %
market share, Yadea Group Holdings Ltd., 2022
Strong customer base, brand awareness among people, offering wide product portfolio including speed pedelecs, affordable pricing, good customer support make Yadea the second largest market player across the globe.
- Electric bicycles are rapidly becoming more popular globally, with the increasing trend of more people buying e-bikes for transportation and commuting. Previously, people used mountain bikes or trekking bikes for this purpose. However, the preference for e-bikes is growing, as they are more suited for commuting and can be more easily used in wintertime, especially in big towns. According to a recent study published in the journal of Transportation Research, Norwegian e-bike riders more than quadrupled their daily use of the bicycle for transport over six months. After buying an e-bike, riders covered 9.2 km (5.7 miles) per day on average, up from 2.1 km (1.3 miles) per day before their purchase.
- The primary driver of the market's expansion is a rise in young people's awareness of exercise and health. The market for pedelecs is expanding due to reasons like rising consumer health awareness, growing traffic congestion problems, and growing environmental consciousness. These e-bikes are practical and simple to charge, and easy to operate. Due to these factors, the demand for speed pedelec e-bikes increased in 2021 and 2022.
- Players in the e-bike industry are working to introduce cutting-edge technological innovations, including intelligent control systems, which may be used to implement automatic or semi-automatic transmission for speed pedelecs that have the best energy efficiency. The growing demand for recreational activities like off-road cycling and the demand for speed pedelecs are likely to drive the demand for above 250 W e-bikes during the forecast period.
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Country Level Overview
- The global e-bike market is expected to be mainly driven by the increasing adoption of electric bikes as a daily mode of transportation globally. Additionally, the market is seeing an upsurge in the unit sales of electric bikes owing to their benefits, such as health benefits, economic mobility, and convenience in riding.
- In the APAC e-bike market, unit sales amounted to around 34.8 million in 2023. China, Japan, and Indonesia accounted for the majority of unit sales during the historical period. China accounted for over a 90% share by volume in the global electric bike market in 2022. However, the Chinese e-bike market has been witnessing growth stagnate in recent years and is almost at saturation point.
- In Europe, electric bike sales have skyrocketed in recent years, with countries including Germany, Belgium, and the Netherlands selling large numbers of electric bikes. The sales are being driven by consumers' growing preference for using electric bikes for transportation, sports, and leisure activities. Additionally, the subsidies and tax incentives programs for electric bikes in Sweden, Belgium, and France are expected to support the significant growth of the European electric bike market during the forecast period.
- In North America, the electric bike market is currently at an early growth stage as people's preference for using low-speed two-wheelers has increased only in recent years. The inclusion of more electric bikes by various bike-sharing operators as part of their fleet expansion is expected to support the sales growth of these bikes in the near future.
Global Speed Pedelec E-Bike Market Trends
The steady global increase in e-bike adoption rates reflects a worldwide shift towards sustainable and efficient personal mobility solutions.
- There has been an increase in demand for electric bicycles in many countries over the past several years. Increased gasoline costs, traffic congestion during rush hours, and the health advantages of exercise are driving the usage of e-bikes in several countries, including the United Kingdom and the United States. With a greater adoption rate in 2019 compared to other regions, Europe is the primary market for the selling of electric bikes. The increasing demand for e-bikes accelerated the adoption rate in 2019 compared to 2018.
- The bicycle industry was favorably impacted by the rapid global expansion of the covid cases and wave. E-bikes are one of the most practical and affordable solutions for everyday commutes to work and other local locations compared to other means of transportation, which has revolutionized how consumers commute. This has encouraged people to invest in e-bikes, which accelerated the adoption rate in 2020 over 2019 in various countries across the globe.
- The return of commercial operations and the lifting of trade restrictions like lockout have accelerated the adoption of e-bikes in numerous countries throughout the world. The improvement of import and export activity has been a result of the removal of trade obstacles globally. According to estimates, during the forecast period, the adoption rate of e-bikes will increase in a number of countries around the world due to consumers' growing interest in them as a result of their features and advantages, such as the ability to exercise while riding, the lack of a fuel cost, and cleaner rides.
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A global uptick in 5-15 km commutes underscores a universal shift towards moderate commuting distances, aligning with evolving work-life dynamics and urban planning.
- The global bicycle market is made up of several bicycle-friendly regions, including North America, Europe, and Asia-Pacific. Bicycle demand has grown recently among many countries in various regions. People from different countries and regions are gradually shifting to using bicycles for their everyday commutes of 5 to 15 km or other nearby locations such as offices and commercial districts. The APAC region has witnessed the most daily commuters traveling 5 to 15 km among all regions.
- Following the COVID-19 outbreak, which forced the closing of gyms and public transportation in several countries worldwide, many people discovered bicycles to be a secure and isolated method of transportation. People also preferred to exercise during the pandemic by bicycling or going on weekend runs to neighboring sites, which led to an increase in the number of commuters with a daily journey distance of 5 to 15 km in 2020 over 2019 globally. Consumers who commute 5 to 15 km daily are drawn to e-bikes with cutting-edge battery packs that offer an increased range of up to 40 to 45 km.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- GDP Per Capita & Buying Power of Consumer
- The global bicycle rental market exhibits a robust growth trajectory, with significant contributions from Asia-Pacific and Europe, driving the worldwide market trend upwards.
- The global Hyper-Local Delivery market is on a significant upward trend, driven mainly by substantial volumes in the US and Asia-Pacific regions, especially China.
- The global bicycle trekker market has been experiencing continuous growth, with a substantial increase in the number of trekkers from 2017 to 2029.
- As Traffic and Pollution increase, more individuals are Choosing to Bicycle
- Key countries' varying inflation trajectories underscore the nuanced and multifaceted nature of global economic health.
- The global E-Bike battery price is on a downward trend, influenced by regional dynamics and significant contributions from Asia-Pacific and Europe.
- Government Efforts to Provide Bicycle infrastructure to increase the Use of Bicycles
- Advanced Battery Packs is Attracting Consumers to Opting for E-bikes
Speed Pedelec E-Bike Industry Overview
The Speed Pedelec E-Bike Market is fragmented, with the top five companies occupying 20.57%. The major players in this market are AIMA technology Group Co. Ltd, Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd, Riese & Müller and Yadea Group Holdings Ltd. (sorted alphabetically).
Speed Pedelec E-Bike Market Leaders
AIMA technology Group Co. Ltd
Giant Manufacturing Co. Ltd.
Merida Industry Co. Ltd
Riese & Müller
Yadea Group Holdings Ltd.
Other important companies include Bosch, Cannondale Bicycle Corporation, Fritzmeier Systems GmbH & Co. KG (M1 Sporttechnik), Kalkhoff Werke GmbH, Royal Dutch Gazelle, Specialized Bicycle Components, Tianjin Fuji-Ta Bicycle Co. Ltd., Trek Bicycle Corporation, VanMoof BV, Yamaha Motor Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Speed Pedelec E-Bike Market News
- December 2022: As part of its 2023 national dealership promotion plan, Yadea joined the new US Partner Recruitment Drive for its e-bike products. It was reportedly looking for local agents and distributors in the United States as part of its global expansion plans.
- November 2022: Giant unveiled the Stormguard E+, a range of full-suspension e-bikes. These bikes are expected to be available for purchase in Europe in 2023. The E+1 is priced at EUR 7,999, and the E+2 is priced at EUR 6,499.
- May 2022: Cadence Performance acquired the St. Paul's branch of the largest Giant store in the United Kingdom, located at the heart of London.
Free with this Report
We offer a comprehensive and complimentary collection of data points on regional and country-level metrics, crucial to understanding the industry's core structure. Our resources include over 120 free charts, providing rare data across various countries. This collection encompasses an analysis of e-bike outlets, distribution channels, and their geographical distribution, examination of average selling prices for different e-bike models across regions, insights into consumer preferences and purchasing patterns, a detailed segmentation of the market, comprehensive insights into market trends and environmental impacts, an overview of key market players, an examination of the regulatory landscape, and projections for the future of the e-bike market.
Speed Pedelec E-Bike Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Bicycle Sales
2.2. GDP Per Capita
2.3. Inflation Rate
2.4. Adoption Rate Of E-Bikes
2.5. Percent Population/Commuters With 5-15 Km Daily Travel Distance
2.6. Bicycle Rental
2.7. E-Bike Battery Price
2.8. Price Chart Of Different Battery Chemistry
2.9. Hyper-Local Delivery
2.10. Dedicated Bicycle Lanes
2.11. Number Of Trekkers
2.12. Battery Charging Capacity
2.13. Traffic Congestion Index
2.14. Regulatory Framework
2.15. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
3.1. Application Type
3.1.1. Cargo/Utility
3.1.2. City/Urban
3.1.3. Trekking
3.2. Battery Type
3.2.1. Lead Acid Battery
3.2.2. Lithium-ion Battery
3.2.3. Others
3.3. Region
3.3.1. Africa
3.3.1.1. By Country
3.3.1.1.1. South Africa
3.3.1.1.2. Rest-of-Africa
3.3.2. Asia-Pacific
3.3.2.1. By Country
3.3.2.1.1. Australia
3.3.2.1.2. China
3.3.2.1.3. India
3.3.2.1.4. Japan
3.3.2.1.5. New Zealand
3.3.2.1.6. South Korea
3.3.2.1.7. Rest-of-APAC
3.3.3. Europe
3.3.3.1. By Country
3.3.3.1.1. Austria
3.3.3.1.2. Belgium
3.3.3.1.3. Czech Republic
3.3.3.1.4. Denmark
3.3.3.1.5. Finland
3.3.3.1.6. France
3.3.3.1.7. Germany
3.3.3.1.8. Italy
3.3.3.1.9. Luxembourg
3.3.3.1.10. Netherlands
3.3.3.1.11. Norway
3.3.3.1.12. Poland
3.3.3.1.13. Spain
3.3.3.1.14. Sweden
3.3.3.1.15. Switzerland
3.3.3.1.16. UK
3.3.3.1.17. Rest-of-Europe
3.3.4. Middle East
3.3.4.1. By Country
3.3.4.1.1. Saudi Arabia
3.3.4.1.2. United Arab Emirates
3.3.4.1.3. Rest-of-Middle East
3.3.5. North America
3.3.5.1. By Country
3.3.5.1.1. Canada
3.3.5.1.2. Mexico
3.3.5.1.3. US
3.3.5.1.4. Rest-of-North America
3.3.6. South America
3.3.6.1. By Country
3.3.6.1.1. Argentina
3.3.6.1.2. Brazil
3.3.6.1.3. Rest-of-South America
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. AIMA technology Group Co. Ltd
4.4.2. Bosch
4.4.3. Cannondale Bicycle Corporation
4.4.4. Fritzmeier Systems GmbH & Co. KG (M1 Sporttechnik)
4.4.5. Giant Manufacturing Co. Ltd.
4.4.6. Kalkhoff Werke GmbH
4.4.7. Merida Industry Co. Ltd
4.4.8. Riese & Müller
4.4.9. Royal Dutch Gazelle
4.4.10. Specialized Bicycle Components
4.4.11. Tianjin Fuji-Ta Bicycle Co. Ltd.
4.4.12. Trek Bicycle Corporation
4.4.13. VanMoof BV
4.4.14. Yadea Group Holdings Ltd.
4.4.15. Yamaha Motor Co., Ltd.
5. KEY STRATEGIC QUESTIONS FOR E BIKES CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BICYCLE SALES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 2:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, GDP PER CAPITA, VALUE, USD, 2017 - 2029
- Figure 3:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, INFLATION RATE, VALUE, PERCENT, 2017 - 2029
- Figure 4:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ADOPTION RATE, VOLUME, PERCENT, 2017 - 2029
- Figure 5:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, COMMUTERS WITH 5-15 KM TRAVEL DISTANCE, VOLUME, PERCENT, 2017 - 2029
- Figure 6:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BICYCLE RENTAL, VALUE, USD MILLION, 2017 - 2029
- Figure 7:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, E-BIKE BATTERY PRICE, VALUE, USD, 2017 - 2029
- Figure 8:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, PRICE CHART OF DIFFERENT BATTERY CHEMISTRY, VALUE, USD, 2017 - 2029
- Figure 9:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, HYPER-LOCAL DELIVERY, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 10:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, DEDICATED BICYCLE LANES, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 11:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NUMBER OF TREKKERS, VOLUME, THOUSAND UNITS, 2017 - 2029
- Figure 12:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BATTERY CHARGING CAPACITY, VOLUME, UNITS, 2017 - 2029
- Figure 13:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, TRAFFIC CONGESTION INDEX, VOLUME, PERCENT, 2017 - 2022
- Figure 14:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, VOLUME, UNITS, 2017 - 2029
- Figure 15:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, VALUE, USD MILLION, 2017 - 2029
- Figure 16:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 17:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 18:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 19:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 20:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 21:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 22:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 23:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 24:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 25:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 26:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 27:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VALUE, USD, 2017 - 2029
- Figure 28:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY APPLICATION TYPE, VALUE SHARE (%), 2022 VS 2029
- Figure 29:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 30:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 31:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 32:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 33:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 34:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 35:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 36:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 37:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VOLUME, UNITS, 2017 - 2029
- Figure 38:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY BATTERY TYPE, VALUE, USD, 2017 - 2029
- Figure 39:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY REGION, VOLUME, UNITS, 2017 - 2029
- Figure 40:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY REGION, VALUE, USD, 2017 - 2029
- Figure 41:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY REGION, VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 42:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BY REGION, VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 43:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, UNITS, 2017 - 2029
- Figure 44:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, USD, 2017 - 2029
- Figure 45:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 46:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 47:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SOUTH AFRICA , VOLUME, UNITS, 2017 - 2029
- Figure 48:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SOUTH AFRICA , VALUE, USD, 2017 - 2029
- Figure 49:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SOUTH AFRICA , VALUE SHARE (%), 2022 VS 2029
- Figure 50:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-AFRICA , VOLUME, UNITS, 2017 - 2029
- Figure 51:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-AFRICA , VALUE, USD, 2017 - 2029
- Figure 52:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-AFRICA , VALUE SHARE (%), 2022 VS 2029
- Figure 53:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, UNITS, 2017 - 2029
- Figure 54:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, USD, 2017 - 2029
- Figure 55:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 56:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 57:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, AUSTRALIA , VOLUME, UNITS, 2017 - 2029
- Figure 58:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, AUSTRALIA , VALUE, USD, 2017 - 2029
- Figure 59:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, AUSTRALIA , VALUE SHARE (%), 2022 VS 2029
- Figure 60:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CHINA , VOLUME, UNITS, 2017 - 2029
- Figure 61:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CHINA , VALUE, USD, 2017 - 2029
- Figure 62:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CHINA , VALUE SHARE (%), 2022 VS 2029
- Figure 63:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, INDIA , VOLUME, UNITS, 2017 - 2029
- Figure 64:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, INDIA , VALUE, USD, 2017 - 2029
- Figure 65:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, INDIA , VALUE SHARE (%), 2022 VS 2029
- Figure 66:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, JAPAN , VOLUME, UNITS, 2017 - 2029
- Figure 67:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, JAPAN , VALUE, USD, 2017 - 2029
- Figure 68:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, JAPAN , VALUE SHARE (%), 2022 VS 2029
- Figure 69:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NEW ZEALAND , VOLUME, UNITS, 2017 - 2029
- Figure 70:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NEW ZEALAND , VALUE, USD, 2017 - 2029
- Figure 71:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NEW ZEALAND , VALUE SHARE (%), 2022 VS 2029
- Figure 72:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SOUTH KOREA , VOLUME, UNITS, 2017 - 2029
- Figure 73:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SOUTH KOREA , VALUE, USD, 2017 - 2029
- Figure 74:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SOUTH KOREA , VALUE SHARE (%), 2022 VS 2029
- Figure 75:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-APAC , VOLUME, UNITS, 2017 - 2029
- Figure 76:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-APAC , VALUE, USD, 2017 - 2029
- Figure 77:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-APAC , VALUE SHARE (%), 2022 VS 2029
- Figure 78:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, UNITS, 2017 - 2029
- Figure 79:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, USD, 2017 - 2029
- Figure 80:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 81:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 82:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, AUSTRIA , VOLUME, UNITS, 2017 - 2029
- Figure 83:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, AUSTRIA , VALUE, USD, 2017 - 2029
- Figure 84:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, AUSTRIA , VALUE SHARE (%), 2022 VS 2029
- Figure 85:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BELGIUM , VOLUME, UNITS, 2017 - 2029
- Figure 86:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BELGIUM , VALUE, USD, 2017 - 2029
- Figure 87:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BELGIUM , VALUE SHARE (%), 2022 VS 2029
- Figure 88:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CZECH REPUBLIC , VOLUME, UNITS, 2017 - 2029
- Figure 89:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CZECH REPUBLIC , VALUE, USD, 2017 - 2029
- Figure 90:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CZECH REPUBLIC , VALUE SHARE (%), 2022 VS 2029
- Figure 91:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, DENMARK , VOLUME, UNITS, 2017 - 2029
- Figure 92:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, DENMARK , VALUE, USD, 2017 - 2029
- Figure 93:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, DENMARK , VALUE SHARE (%), 2022 VS 2029
- Figure 94:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, FINLAND , VOLUME, UNITS, 2017 - 2029
- Figure 95:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, FINLAND , VALUE, USD, 2017 - 2029
- Figure 96:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, FINLAND , VALUE SHARE (%), 2022 VS 2029
- Figure 97:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, FRANCE , VOLUME, UNITS, 2017 - 2029
- Figure 98:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, FRANCE , VALUE, USD, 2017 - 2029
- Figure 99:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, FRANCE , VALUE SHARE (%), 2022 VS 2029
- Figure 100:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, GERMANY , VOLUME, UNITS, 2017 - 2029
- Figure 101:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, GERMANY , VALUE, USD, 2017 - 2029
- Figure 102:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, GERMANY , VALUE SHARE (%), 2022 VS 2029
- Figure 103:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ITALY , VOLUME, UNITS, 2017 - 2029
- Figure 104:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ITALY , VALUE, USD, 2017 - 2029
- Figure 105:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ITALY , VALUE SHARE (%), 2022 VS 2029
- Figure 106:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, LUXEMBOURG , VOLUME, UNITS, 2017 - 2029
- Figure 107:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, LUXEMBOURG , VALUE, USD, 2017 - 2029
- Figure 108:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, LUXEMBOURG , VALUE SHARE (%), 2022 VS 2029
- Figure 109:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NETHERLANDS , VOLUME, UNITS, 2017 - 2029
- Figure 110:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NETHERLANDS , VALUE, USD, 2017 - 2029
- Figure 111:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NETHERLANDS , VALUE SHARE (%), 2022 VS 2029
- Figure 112:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NORWAY , VOLUME, UNITS, 2017 - 2029
- Figure 113:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NORWAY , VALUE, USD, 2017 - 2029
- Figure 114:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, NORWAY , VALUE SHARE (%), 2022 VS 2029
- Figure 115:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, POLAND , VOLUME, UNITS, 2017 - 2029
- Figure 116:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, POLAND , VALUE, USD, 2017 - 2029
- Figure 117:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, POLAND , VALUE SHARE (%), 2022 VS 2029
- Figure 118:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SPAIN , VOLUME, UNITS, 2017 - 2029
- Figure 119:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SPAIN , VALUE, USD, 2017 - 2029
- Figure 120:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SPAIN , VALUE SHARE (%), 2022 VS 2029
- Figure 121:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SWEDEN , VOLUME, UNITS, 2017 - 2029
- Figure 122:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SWEDEN , VALUE, USD, 2017 - 2029
- Figure 123:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SWEDEN , VALUE SHARE (%), 2022 VS 2029
- Figure 124:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SWITZERLAND , VOLUME, UNITS, 2017 - 2029
- Figure 125:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SWITZERLAND , VALUE, USD, 2017 - 2029
- Figure 126:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SWITZERLAND , VALUE SHARE (%), 2022 VS 2029
- Figure 127:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, UK , VOLUME, UNITS, 2017 - 2029
- Figure 128:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, UK , VALUE, USD, 2017 - 2029
- Figure 129:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, UK , VALUE SHARE (%), 2022 VS 2029
- Figure 130:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-EUROPE , VOLUME, UNITS, 2017 - 2029
- Figure 131:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-EUROPE , VALUE, USD, 2017 - 2029
- Figure 132:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-EUROPE , VALUE SHARE (%), 2022 VS 2029
- Figure 133:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, UNITS, 2017 - 2029
- Figure 134:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, USD, 2017 - 2029
- Figure 135:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 136:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 137:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SAUDI ARABIA , VOLUME, UNITS, 2017 - 2029
- Figure 138:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SAUDI ARABIA , VALUE, USD, 2017 - 2029
- Figure 139:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, SAUDI ARABIA , VALUE SHARE (%), 2022 VS 2029
- Figure 140:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, UNITED ARAB EMIRATES , VOLUME, UNITS, 2017 - 2029
- Figure 141:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, UNITED ARAB EMIRATES , VALUE, USD, 2017 - 2029
- Figure 142:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, UNITED ARAB EMIRATES , VALUE SHARE (%), 2022 VS 2029
- Figure 143:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-MIDDLE EAST , VOLUME, UNITS, 2017 - 2029
- Figure 144:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-MIDDLE EAST , VALUE, USD, 2017 - 2029
- Figure 145:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-MIDDLE EAST , VALUE SHARE (%), 2022 VS 2029
- Figure 146:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, UNITS, 2017 - 2029
- Figure 147:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, USD, 2017 - 2029
- Figure 148:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 149:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 150:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CANADA , VOLUME, UNITS, 2017 - 2029
- Figure 151:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CANADA , VALUE, USD, 2017 - 2029
- Figure 152:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, CANADA , VALUE SHARE (%), 2022 VS 2029
- Figure 153:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, MEXICO , VOLUME, UNITS, 2017 - 2029
- Figure 154:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, MEXICO , VALUE, USD, 2017 - 2029
- Figure 155:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, MEXICO , VALUE SHARE (%), 2022 VS 2029
- Figure 156:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, US , VOLUME, UNITS, 2017 - 2029
- Figure 157:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, US , VALUE, USD, 2017 - 2029
- Figure 158:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, US , VALUE SHARE (%), 2022 VS 2029
- Figure 159:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-NORTH AMERICA , VOLUME, UNITS, 2017 - 2029
- Figure 160:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-NORTH AMERICA , VALUE, USD, 2017 - 2029
- Figure 161:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-NORTH AMERICA , VALUE SHARE (%), 2022 VS 2029
- Figure 162:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, UNITS, 2017 - 2029
- Figure 163:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, USD, 2017 - 2029
- Figure 164:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VOLUME, SHARE (%), 2017 VS 2023 VS 2029
- Figure 165:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ALL , VALUE, SHARE (%), 2017 VS 2023 VS 2029
- Figure 166:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ARGENTINA , VOLUME, UNITS, 2017 - 2029
- Figure 167:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ARGENTINA , VALUE, USD, 2017 - 2029
- Figure 168:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, ARGENTINA , VALUE SHARE (%), 2022 VS 2029
- Figure 169:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BRAZIL , VOLUME, UNITS, 2017 - 2029
- Figure 170:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BRAZIL , VALUE, USD, 2017 - 2029
- Figure 171:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, BRAZIL , VALUE SHARE (%), 2022 VS 2029
- Figure 172:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-SOUTH AMERICA , VOLUME, UNITS, 2017 - 2029
- Figure 173:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-SOUTH AMERICA , VALUE, USD, 2017 - 2029
- Figure 174:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, REST-OF-SOUTH AMERICA , VALUE SHARE (%), 2022 VS 2029
- Figure 175:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
- Figure 176:
- GLOBAL SPEED PEDELEC E-BIKE MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
- Figure 177:
- GLOBAL SPEED PEDELEC E-BIKE MARKET SHARE(%), BY MAJOR PLAYERS, 2022
Speed Pedelec E-Bike Industry Segmentation
Cargo/Utility, City/Urban, Trekking are covered as segments by Application Type. Lead Acid Battery, Lithium-ion Battery, Others are covered as segments by Battery Type. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.
- Electric bicycles are rapidly becoming more popular globally, with the increasing trend of more people buying e-bikes for transportation and commuting. Previously, people used mountain bikes or trekking bikes for this purpose. However, the preference for e-bikes is growing, as they are more suited for commuting and can be more easily used in wintertime, especially in big towns. According to a recent study published in the journal of Transportation Research, Norwegian e-bike riders more than quadrupled their daily use of the bicycle for transport over six months. After buying an e-bike, riders covered 9.2 km (5.7 miles) per day on average, up from 2.1 km (1.3 miles) per day before their purchase.
- The primary driver of the market's expansion is a rise in young people's awareness of exercise and health. The market for pedelecs is expanding due to reasons like rising consumer health awareness, growing traffic congestion problems, and growing environmental consciousness. These e-bikes are practical and simple to charge, and easy to operate. Due to these factors, the demand for speed pedelec e-bikes increased in 2021 and 2022.
- Players in the e-bike industry are working to introduce cutting-edge technological innovations, including intelligent control systems, which may be used to implement automatic or semi-automatic transmission for speed pedelecs that have the best energy efficiency. The growing demand for recreational activities like off-road cycling and the demand for speed pedelecs are likely to drive the demand for above 250 W e-bikes during the forecast period.
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| Cargo/Utility | |
| City/Urban | |
| Trekking |
| Battery Type | |
| Lead Acid Battery | |
| Lithium-ion Battery | |
| Others |
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Market Definition
- By Application Type - E-bikes considered under this segment include city/urban, trekking, and cargo/utility e-bikes. The common types of e-bikes under these three categories include off-road/hybrid, kids, ladies/gents, cross, MTB, folding, fat tire, and sports e-bike.
- By Battery Type - This segment includes lithium-ion batteries, lead-acid batteries, and other battery types. The other battery type category includes nickel-metal hydroxide (NiMH), silicon, and lithium-polymer batteries.
- By Propulsion Type - Speed pedelec are considered under the scope of this segment. These e-bikes are integrated with an electric motor which deliver power of approximately 500 W and more. The speed limit of such e-bikes are generally 45 km/h (28 mph) in most of the countries.
| Keyword | Definition |
|---|---|
| Pedal Assisted | Pedal-assist or pedelec category refers to the electric bikes that provide limited power assistance through torque-assist system and do not have throttle for varying the speed. The power from the motor gets activated upon pedaling in these bikes and reduces human efforts. |
| Throttle Assisted | Throttle-based e-bikes are equipped with the throttle assistance grip, installed on the handlebar, similarly to motorbikes. The speed can be controlled by twisting the throttle directly without the need to pedal. The throttle response directly provides power to the motor installed in the bicycles and speeds up the vehicle without paddling. |
| Speed Pedelec | Speed pedelec is e-bikes similar to pedal-assist e-bikes as they do not have throttle functionality. However, these e-bikes are integrated with an electric motor which delivers power of approximately 500 W and more. The speed limit of such e-bikes is generally 45 km/h (28 mph) in most of the countries. |
| City/Urban | The city or urban e-bikes are designed with daily commuting standards and functions to be operated within the city and urban areas. The bicycles include various features and specifications such as comfortable seats, sit upright riding posture, tires for easy grip and comfortable ride, etc. |
| Trekking | Trekking and mountain bikes are special types of e-bikes that are designed for special purposes considering the robust and rough usage of the vehicles. These bicycles include a strong frame, and wide tires for better and advanced grip and are also equipped with various gear mechanisms which can be used while riding in different terrains, rough grounded, and tough mountainous roads. |
| Cargo/Utility | The e-cargo or utility e-bikes are designed to carry various types of cargo and packages for shorter distances such as within urban areas. These bikes are usually owned by local businesses and delivery partners to deliver packages and parcels at very low operational costs. |
| Lithium-ion Battery | A Li-ion battery is a rechargeable battery, which uses lithium and carbon as its constituent materials. The Li-Ion batteries have a higher density and lesser weight than sealed lead acid batteries and provide the rider with more range per charge than other types of batteries. |
| Lead Acid Battery | A lead acid battery refers to sealed lead acid battery having a very low energy-to-weight and energy-to-volume ratio. The battery can produce high surge currents, owing to its relatively high power-to-weight ratio as compared to other rechargeable batteries. |
| Other Batteries | This includes electric bikes using nickel–metal hydroxide (NiMH), silicon, and lithium-polymer batteries. |
| Business-to-Business (B2B) | The sales of e-bikes to business customers such as urban fleet and logistics company, rental/sharing operators, last-mile fleet operators, and corporate fleet operators are considered under this category. |
| Business-to-Customers (B2C) | The sales of electric scooters and motorcycles to direct consumers is considered under this category. The consumers acquire these vehicles either directly from manufacturers or from other distributers and dealers through online and offline channel. |
| Unorganized Local OEMs | These players are small local manufacturers and assemblers of e-bikes. Most of these manufacturers import the components from China and Taiwan and assemble them locally. They offer the product at low cost in this price sensitive market which give them advantage over organized manufacturers. |
| Battery-as-a-Service | A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge |
| Dockless e-Bikes | Electric bikes that have self-locking mechanisms and a GPS tracking facility with an average top speed of around 15mph. These are mainly used by bike-sharing companies such as Bird, Lime, and Spin. |
| Electric Vehicle | A vehicle which uses one or more electric motors for propulsion. Includes cars, scooters, buses, trucks, motorcycles, and boats. This term includes all-electric vehicles and hybrid electric vehicles |
| Plug-in EV | An electric vehicle that can be externally charged and generally includes all-electric vehicles as well as plug-in hybrids. In this report we use the term for all-electric vehicles to differentiate them from plug-in hybrid electric vehicles. |
| Lithium-Sulphur Battery | A rechargeable battery that replaces the liquid or polymer electrolyte found in current lithium-ion batteries with sulfur. They have more capacity than Li-ion batteries. |
| Micromobility | Micromobility is one of the many modes of transport involving very-light-duty vehicles to travel short distances. These means of transportation include bikes, e-scooters, e-bikes, mopeds, and scooters. Such vehicles are used on a sharing basis for covering short distances, usually five miles or less. |
| Low Speed Electric Vehicls (LSEVs) | They are low speed (usually less than 25 kmph) light vehicles that do not have an internal combustion engine, and solely use electric energy for propulsion. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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